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20121222
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CNN
Dec 30, 2012 12:00pm PST
romney's economic policies. a good friend of the show. jean, let me start with you. tax increases on people making more than 250,000 a year. let's use that as a number. it might be 400,000, it might be half a million. it might be a million. let's take $250,000. if you increase taxes, the marge nalt tax rate from 35% to 39.6% on that group of people, does it hurt the economy? >> i'm going to use estimates from the congressional budget office. a nonpartisan score keeper for congress. they found if you let the bush tax cuts on higher earners, it would boost the economy almost as much as if you let everybody's bush tax cuts stay in place. there's little difference on how much would you help the economy if you let the bush tax cuts stay in place for everyone or for most people. in that sense it sounds like it wouldn't have a huge effect on the economic recovery. having said that i think if you asked most economists and tax experts, all things being equal is it better to have lower rates or higher rates, they would say probably better to have lower rates. all things aren't equal. there is
CNN
Dec 29, 2012 10:00am PST
institute, the author of much of mitt romney's economic policy, a good friend of the show. gene, let me start with you. tax increases on people making more than $250,000 a year. use that as a number. might be $400,000, half a million, a million. take $250,000. if you increase taxes, the marginal tax rate from 35% to 39.6% on that group of people, does it hurt the economy? >> well, i'm going to use estimates from the congressional budget office, which is a nonpartisan scorekeeper for congress. they found if you let those bush tax cuts on high-income folks expire at that level it would not boost the economy -- or rather it would boost the economy almost as much as if you let everybody's bush tax cuts stay in place. in other words, there's little difference in how much you would help the economy if you let those bush tax cuts stay in place for everyone or let them stay in place for most people. in that sense, it sounds like it wouldn't have a huge effect on the economic recovery. having said that, i think if you asked most economists and tax experts, all things being equal, is it better to
Search Results 0 to 1 of about 2